SLI - Standard Lithium claims North America's highest confirmed grade lithium brine

2023-03-28 09:25:59 ET

Standard Lithium ( NYSE: SLI ) +9.7% pre-market Tuesday after saying it believes it has sampled the highest confirmed lithium grade brine in North America , as part of its resource expansion work in the East Texas Smackover region.

The company said the grade of lithium in brine used for direct lithium extraction "has a meaningful impact on both capital expenditures and operating costs in connection with the extraction process, with a higher grade typically resulting in lower overall costs."

"We're excited to discover this outstanding resource and to add it to our expanding portfolio of select projects in the Smackover Formation," Standard Lithium ( SLI ) President and COO Andy Robinson said.

"These very high-quality lithium brine resources, located in the heart of the Gulf Coast region, are close to, and highly complementary to, Standard Lithium's existing lithium projects and have the potential to play a key role in future lithium production as part of the company's development and commercialization program," Robinson said.

Lithium producers could catch a bid in reaction to Albemarle's $3.6B takeover offer for Australia's Liontown Resources .

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